Israel: Business confidence deteriorates in May
June 6, 2016
The business confidence index elaborated by the Central Bureau of Statistics (CBS) tallied 15.8 in May, thus coming in below the 17.7 recorded in April and hit a four-month low.
In addition, the consumer confidence index decreased from minus 13.7 in March to minus 15.9 in April (the latest month for which data is available). As a result, consumer confidence remains in negative territory.
Author: Dirina Mançellari, Senior Economist